From the late 1960s to the late 1980s, in the United States SAT scores
a. and graduation rates increased.
b. and graduation rates decreased.
c. and school attendance rates decreased.
d. decreased and school attendance rates increased.
d
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If the Treasury finances an expenditure by borrowing from the Fed, the money supply
A) and bank reserves fall. B) and bank reserves rise. C) rises while bank reserves remain unchanged. D) remains unchanged as bank reserves rise.
Compared to a perfectly competitive firm, in a long run the monopolistically competitive firm will have
A) a lower price. B) a lower average cost. C) a horizontal demand function. D) a lower rate of output.
Based on the graph showing the effective federal funds rate, once interest rates bottomed out after the 2001 recession, they ______.
a. levelled off for several years
b. began an upward trend that is still ongoing
c. increased consistently for several years
d. went up slightly one year then dropped rapidly
All of the following would show a more equal distribution than the distribution of money income EXCEPT
A. after-tax income. B. lifetime earnings. C. total income. D. wealth.